Xu Lejiang, executive vice chairman of the All-China Federation of Industry and Commerce, recently pointed out that China-Africa trade volume in 2019 has exceeded US$200 billion, 20 times that of 2000. China has been Africa's largest trading partner for 11 years in a row. China’s stock of direct investment in Africa reaching US$110 billion, and contributing more than 20% to Africa's economic growth for many years, providing a strong impetus for Africa's sustained economic growth. Even under the impact of COVID-19 pandemic in 2020, China's direct investment in Africa has remained basically the same as in 2019. In the post-pandemic era, emerging industries such as medical care, e-commerce and mobile payment will usher in new development opportunities in Africa. Xu Lejiang also pointed out that the number of Chinese private companies investing in Africa has exceeded 9,000, with an investment of more than US$20 billion. One third of them are manufacturing enterprises, which are still the main force of Chinese enterprises in Africa. According to the United Nations Office for South-South Cooperation, more and more Chinese private enterprises are participating in Africa's economic development, and they are generally profitable. On the one hand, Chinese private enterprises have built a very complete industrial infrastructure in various industries, and their investment in Africa is part of their global industrial chain. On the other hand, Africa has become a very big consumer market. On December 11, at the “2020 China-Africa Private Sector Economic Cooperation Forum” jointly organized by the All-China Federation of Industry and Commerce and the African Union Representative Office in China, He Song, deputy director general of the Department of West Asia and African Affairs, said that the construction of a free trade zone on the African continent is about to enter the implementation stage. After the completion, it will form a huge market covering a population of 1.3 billion people and a total GDP of more than US$3.4 trillion.